Cheap Apartments for Rent in Monroe, LA from $400 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monroe.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Shadow Hawk
$875 - $1,110
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,110
Total Monthly Price
$875 - $1,110
1 to 3 Bedroom Apartments Available Now

Shadow Hawk

3000 Evangeline StMonroe, LA 71201
Pet Friendly
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  • Utilities Included
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Sycamore Point
1 to 4 Bedroom Apartments

Sycamore Point

1837 Juliana WayMonroe, LA 71202

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Lakeway Apartments
2 to 3 Bedroom Apartments

Lakeway Apartments

3375 LA 594Monroe, LA 71203
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Magnolia Terrace
2 to 3 Bedroom Apartments

Magnolia Terrace

900 Riverside DrMonroe, LA 71201
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Southern Pines
3 to 4 Bedroom Apartments

Southern Pines

101 Preston LoopMonroe, LA 71202
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Belle Bayou
1 to 2 Bedroom Apartments

Belle Bayou

4200 Loop RdMonroe, LA 71201
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Armstrong Apartments
1 Bedroom Apartments

Armstrong Apartments

214 Balboa DrMonroe, LA 71203
Senior Living
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Stadium Place
1 to 2 Bedroom Apartments

Stadium Place

510 Warhawk WayMonroe, LA 71203
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Cotton Bayou Estates
2 to 4 Bedroom Apartments

Cotton Bayou Estates

127 Cotton Bayou LnMonroe, LA 71202
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Shannon Oaks
Studio to 3 Bedroom Apartments

Shannon Oaks

1702 Shannon StMonroe, LA 71201
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Heritage Court
2 Bedroom Apartments

Heritage Court

625 Warhawk WayMonroe, LA 71203
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Tri-City
3 to 4 Bedroom Apartments

Tri-City

1804 Laymen DrMonroe, LA 71201

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Ridgedale Apartments
1 Bedroom Apartments

Ridgedale Apartments

200 Ridgedale DrWest Monroe, LA 71291
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Pride Properties
Studio to 2 Bedroom Apartments

Pride Properties

1217 Trenton StWest Monroe, LA 71291
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Parkwest Apartments
1 to 3 Bedroom Apartments

Parkwest Apartments

106 Parkwest DrWest Monroe, LA 71291
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Monroe, LA Local Guide

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Cheapest Available Monroe Apartments for Rent

 

The cheapest available apartment rental in Monroe, LA is a 1 Bed unit found at Country Club Apartments priced from $650. Park Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Country Club ApartmentsOne Bedroom1BR,1BA$650
Park Place Apartments1 Bedroom1BR,1BA$650
Mary Lea ApartmentsOne-Bedroom1BR,1BA$675
Belle BayouOne Bedroom1BR,1BA$699
Haltere at Monroe1 Bedroom 1 Bathroom1BR,1BA$775
Westchester Square1 Bed w/Tower Room1BR,1BA$785
Churchill Townhouses Apartments1 bedroom loft1BR,1BA$825
Westbrook Villa2BR/1BA2BR,1BA$848
Contempo Apartments2 Bedroom Townhome (w/o W/D)2BR,1BA$850
Shadow Hawk1 Bed 1 Bath1BR,1BA$875

Best Value Apartments for Rent in Monroe, LA

As of June 08, 2026 the best value apartment in the Monroe area is the $0.75 price per square foot 2 Bedroom Townhome (w/o W/D) Model at Contempo Apartments in the starting from $850. The second greatest value Monroe apartment is the 2 BR/2 BA Model at Frances Place Apartments starting at $950 with a $0.86 price per square foot . Here is today’s list of the best values for Monroe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Contempo Apartments2 Bedroom Townhome (w/o W/D)2BR,1BA$0.75
Frances Place Apartments2 BR/2 BA2BR,2BA$0.86
Van MarkB12BR,2BA$0.99
Westbrook Villa2BR/2BA2BR,2BA$1.06
Seasons & Woodale Apartments2 Bd 2 Ba - Seasons - Garden2BR,2BA$1.00
Churchill Townhouses Apartments1 bedroom loft1BR,1BA$1.03
Mary Lea ApartmentsOne-Bedroom1BR,1BA$0.87
Westchester Square1 Bed w/Tower Room1BR,1BA$1.03
Haltere at Monroe1 Bedroom 1 Bathroom1BR,1BA$1.08
Country Club ApartmentsOne Bedroom1BR,1BA$1.14

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Monroe Overview

Monroe is the eighth largest city in Louisiana. It is an educational, economic and medical hub for Louisiana. The people of Monroe make the city exciting and a beautiful place to live and the options for apartments in Monroe make finding the perfect place to live easy. The city boasts of many unique shops, community centers, neighborhood parks and local restaurants. You get to enjoy great food, a wide variety of entertainment, and most of all the interaction with welcoming people.

Why live in Monroe, LA?

There is a lot of good about the city and living in Monroe apartments. If you are looking for a place where community matters, Monroe is the right city for you. On top of the good transportation, peaceful neighborhoods, beautiful parks and more, there is a robust farmer’s market where you can get fresh food. There are great schools both private and public in the area. The people are however the best part of Monroe, they are warm, caring and friendly.

Best Local Schools in
Monroe, LA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monroe, LA Rentals by Map

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See the most popular apartments and homes in Monroe, LA

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Frequently Asked Questions about Cheap Monroe Apartments

How much is rent for a Cheap One Bedroom Monroe Apartment?

The lowest price for a Cheap One Bedroom Monroe Apartment is $650 at Country Club Apartments.

What is the lowest price for a Cheap Two Bedroom Monroe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monroe is starting from $848 at Westbrook Villa.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at Westbrook Villa and starts from $948.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.